Process of project portfolio management

Portfolio management process - the process of project portfolio management. This process is implemented depending on the availability of projects in the portfolio. The frequency of a process established the portfolio manager (the recommended frequency - monthly). This process works with projects in the planning and implementation phases.

Business process management project portfolio

Рic.1. Business process management project portfolio

Description of functions

Name	Decisions on the project or on completion of the project	Responsible	Portfolio manager
Incoming documents	Report on the implementation of project portfolio, Portfolio	Outgoing documents	Portfolio
Description	The portfolio manager examines reports on the implementation of the projects and the report on the analysis of the project portfolio, as well as the project management plan. Based on this analysis, the portfolio manager the portfolio manager makes decisions about the implementation or completion of the project.
Name	Setting priorities for projects in the pipeline	Responsible	Portfolio manager
Incoming documents	Portfolio	Outgoing documents	Portfolio
Description	The portfolio manager specifies priorities projects portfolio. On the basis of these priorities is carried out distribution of resources between projects portfolio.
Name	Adoption of the basic project plans	Responsible	Portfolio manager
Incoming documents	Portfolio	Outgoing documents	Portfolio
Описание функции	The portfolio manager, if necessary, keeps the basic plan projects. On the basis of the basic parameters stored assesses the effectiveness of project management.
Name	Monitoring of the implementation of the project portfolio	Responsible	Portfolio administrator
Incoming documents	Portfolio	Outgoing documents	Report on the implementation of project portfolio
Description	Administrator portfolio analyzes portfolio for quality control: time, cost, contracts, interaction, quality, risk. As a result of this analysis, the analyst portfolio generates a report on the analysis of the project portfolio.

Role

Title role

Functions

Portfolio manager

Decisions on the project or on completion of the project

Setting priorities for projects in the pipeline

Adoption of the basic project plans

Portfolio administrator

Monitoring of the implementation of the project portfolio

Author:

Oberemok Ivan

Trainer and consultant, PhD Project Management, a certified IPMA LEVEL (B), provides training in project management and the use of MS Project, consults on project management